A new debate between gold and Bitcoin has arisen as market attitudes towards investment assets shift. After approving 11 spot Bitcoin-backed exchange-traded products by the SEC, the crypto market has witnessed a rise in inflows for spot Bitcoin ETFs, with new issuers in the U.S alone bringing in $1.8 billion in the past week. Conversely, there have been outflows of more than $5 billion from global gold ETFs in 2024. Nevertheless, some experts caution against making assumptions about a cause-effect connection between these patterns, highlighting gold’s challenges over the past year. Gold still remains the dominant asset in terms of market capitalization at around $15.774 trillion.
Gold has been acknowledged as a dependable asset and a safe haven during periods of economic unrest for many years. On the other hand, Bitcoin, dubbed as ‘digital gold,’ is gaining popularity as cryptocurrencies are becoming more widely accepted. Just over a decade since its inception, it still captiva
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